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New Microloans expand small farm finance options

SPRINGFIELD — New and beginning farmers and ranchers in Illinois have an agricultural Microloan credit option to consider. As of Jan. 15, the U.S. Department of Agriculture’s Farm Service Agency (FSA) will offer its customers a Microloan designed to help farmers and ranchers with credit needs of $35,000 or less. The loan features a streamlined application and a simplified qualifications process built to fit the needs of new and smaller producers.

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